Lender has raised or refinanced over £2 billion of facilities during 2023
Specialist lender Together has successfully refinanced its Highfield Asset Backed Securitisation 1 Limited (HABS) warehouse facility, which was upsized by £200 million to £725 million.
The HABS warehouse facility was originally launched in 2018 to fund the origination of small balance commercial real estate (CRE) loans, primarily to support small and medium sized businesses and commercial property investors in the UK.
Together announced that as a result of the successful refinancing, the maturity has been extended to December 2027 and a new bank has been added to the facility.
We’re pleased to announce the successful refinancing of our small balance commercial real estate MBS warehouse facility, HABS.
— Together (@Together_Money) December 13, 2023
Group CEO Designate, Gerald Grimes said that £200m facility upsize will help us to “continue to shape our business for the future and support the UK’s… pic.twitter.com/XX5tNsWwCx
“We are delighted to announce the successful upsizing and extension of our HABS warehouse facility, as we continue to shape our business for the future and support the UK’s SMEs in realising their ambitions,” stated Gerald Grimes (pictured), group chief executive at Together.
Gary Beckett, group managing director and chief treasury officer at Together said: “We have now raised or refinanced over £2 billion of facilities during 2023, as we continue to deliver on our growth ambitions. We would like to thank our funding partners for their continued strong support for Together.”
The non-bank lender’s funding now consists of 10 public securitisations, six private securitisation facilities, two series of senior secured notes, and a revolving credit facility.
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